Your Y Combinator rejection email

Meaning

We applied for the W2011 batch and didn’t even get an interview:

We’re sorry to say we couldn’t accept your proposal for funding. Please don’t take it personally. The applications we receive get better every funding cycle, and since there’s a limit on the number of startups we can interview in person, we had to turn away a lot of genuinely promising groups.

But we got in the second time around (which ended up being way better anyway because a lot of new music came out that summer)